China’s ‘new productive forces’ need government and market efforts: Vice-Premier He Lifeng

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Such forces focus on scientific research and technological advancements.

BEIJING - China's Vice-Premier He Lifeng stressed the need for a well-coordinated government and efficient market to develop the country's"new productive forces", state media said on July 30.

"Developing new productive forces is a long-term task and a systematic project. We need both historical patience and a sense of urgency that time and tide wait for no man," he wrote in an article published by the People's Daily. "It is necessary to give full play to the decisive role of the market in resource allocation, strengthen the dominant position of enterprises in scientific and technological innovation, and make all types of enterprises become the main force in the development of new productive forces."

Even if China's gross domestic product per capita ranked forefront among middle-income countries in 2023, He said"we should see that the problem of unbalanced and inadequate development is still prominent and, the scientific and technological innovation capability is not strong yet".

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CityDev’s New Zealand subsidiary names new finance VPpstrongAnand Rambhai has worked in finance and treasury roles across New Zealand and the UK./strong/p pMillennium Copthorne Hotels New Zealand (MCK), a subsidiary of Singapore multinational real estate company a href="https://sbr.com.
Source: SBRMagazine - 🏆 13. / 51 Read more »